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The character is named Annihilator and he’s a Chinese prisoner who undergoes a dangerous procedure infusing him with the powers of several different animals. Producer Barry Josephson (Enchanted, Bones, Wild Wild West) and Magic Storm Entertainment have signed on to develop a film version, which has a script by Dan Gilroy (The Bourne Legacy).

Gilroy based his script on a treatment Lee wrote. Everyone sounds excited about the project. "Dan's story and character is unlike anything I have developed before," Lee added. "So I wait with intrigue as we begin to reveal more details about the 'Annihilator' franchise and to hear what audiences think as they immerse themselves into his world through the film."

From a press release:"ANNIHILATOR tells the story of a young Chinese expatriate, Ming, who must choose between remaining in prison or enlist in a secret US super soldier program. The program uses targeted genetic enhancements from various animal species. Ming chooses to undergo this nearly fatal procedure and through his extreme resolve, gained as a result of his family’s tradition of practicing Qijong and martial arts, he survives. Now, armed with remarkable abilities, he must confront a former rival with his own set of enhanced faculties. Our reluctant hero is forced not only to face his personal demons, but also to defeat the villain who will destroy everything that he knows and loves."

The film, which reportedly will cost between $100 million and $150 million and be in English with some Mandarin scenes, is the first of several projects that will be funded in part by (the Chinese State-run) National Film Capital.Read more details Sources: Slashfilm, Magic Storm Entertainment (includes video I couldn't embed), Cinemablend